While we are still in early days of the 2014 proxy season, trends are starting to emerge. The following update summarizes these developments:

  • Institutional investors promote governance reforms and engagement efforts.
  • Different forms of activism start to converge.
  • Negotiating with activist shareholders.
  • Board tenure is starting to draw attention.
  • Say-on-pay trends.
  • SEC agenda on governance matters grows.

If you have any questions regarding the matters covered in this publication, please reach out to any of the lawyers listed below or your usual Davis Polk contact.

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